Exploration & Production
Eni signs Exploration Loan Facility Agreement with Rosneft
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Eni CEO Paolo Scaroni and Rosneft Vice President Igor Pavlov signed an Exploration Loan Facility Agreement today, in the presence of the Prime Minister of the Russian Federation, Dmitri Medvedev, and Italian Prime Minister Mario Monti. The agreement concerns Eni's financing costs, as determined by previous agreements between Eni and Rosneft, relating to exploration activities to be jointly conducted by the two companies offshore Russia in the Barents Sea and Black Sea.
The agreement refers to the strategic cooperation agreement signed 25 April 2012, whereby the two companies will form joint ventures (Eni 33.33%, Rosneft 66.67%) for the joint development of the Fedynsky and Tsentralno-Barentsevsky lisences, located offshore Russia in the the Barents Sea, and Zapadno-Cernomorsky, located…
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